Overview
What is Justfundus?
JustFund is a nonprofit organization situated in Oakland, California, with the mission of bridging the gap between charitable grantmakers and social justice organizations in need of funding. They prioritize efficiency and effectiveness, streamlining the grantmaking process to ensure funds reach their intended recipients promptly. JustFund's simplified approach allows grantmakers to focus on their core activities, empowering them to make a significant impact in social justice movements. With a team of 10 dedicated individuals, they aim to break down traditional barriers in philanthropy and make a tangible difference in the lives of those they serve.
Official website here: www.justfund.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Justfundus has achieved a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial transparency. The organization has excelled in all measured categories, particularly in maintaining a majority of independent board members and demonstrating no material diversion of assets. This strong score reflects the charity's commitment to responsible management and oversight of its resources.
The financial health of Justfundus is notable, with a program expense ratio of 76.20%, meaning a significant portion of its funds goes directly to its programs. Additionally, the organization boasts an impressive fundraising efficiency ratio of just $0.09 spent to raise a dollar, demonstrating its effective fundraising strategies. The working capital ratio of 3.94 years indicates that Justfundus is well-positioned to sustain its operations and programs over the long term.
Although the overall evaluation is positive, the data does not highlight any specific areas of improvement or challenges faced by the organization. Potential donors and stakeholders can feel confident in Justfundus's financial practices and governance structure, as evidenced by the thorough oversight measures in place.
This AI summary has been generated from information found on Charity Navigator.
Is Justfundus legitimate?
Justfundus is a legitimate nonprofit organization registered as a 501(c)(3) entity. Justfundus submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $215,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $335,613
For more financial information, click here
Official website here: www.justfund.us
What is the mission statement of Justfundus?
JustFund, an organization dedicated to revolutionizing philanthropy, aims to simplify and accelerate the grantmaking process. By making the transfer of funds to social justice causes straightforward and swift, JustFund enables its grantmakers to concentrate on their primary objectives. The organization's mission is not solely focused on accumulating financial reserves; instead, it prioritizes the swift distribution of funds to the cause, thereby enhancing the overall impact of philanthropic efforts. JustFund's streamlined grantmaking process and standardized proposal format eliminate traditional philanthropic obstacles, ensuring that the funds reach the intended movement more effectively.
Official website here: www.justfund.us
Who is the CEO of Justfundus?
Iara Peng is the Ceo & Board Mem of Justfundus. The CEO's salary of Justfundus is $215,000 and their total compensation is $221,477.
Official website here: www.justfund.us
What is the revenue of Justfundus?
Justfundus's revenue in 2022 was $3,578,116.
Official website here: www.justfund.us
Who are the executives of Justfundus and what are their salaries?
The average compensation at Justfundus during 2022 was $55,061. There are 10 employees and 3 volunteers at Justfundus.
Here are 6 key members and their salaries (Justfundus's CEO's salary is $215,000 and their total compensation is $221,477):
- Compensation: $215,000
- Related: $0
- Other: $6,477
- Compensation: $139,269
- Related: $0
- Other: $1,200
- Compensation: $126,250
- Related: $0
- Other: $3,825
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.justfund.us
Where can I find the form 990 for Justfundus?
Justfundus's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.justfund.us
Learn more at the official website: www.justfund.us
Mission Statement of Justfundus
JustFund, a pioneering organization in philanthropy, is revolutionizing grantmaking by simplifying and accelerating the process of transferring funds to social justice nonprofits. By doing so, JustFund allows these organizations to concentrate on their primary objectives, freeing up their time and resources. The mission of JustFund is to streamline the grantmaking process, eliminating typical barriers in philanthropy and placing emphasis on what truly matters: swiftly delivering funds to the social justice movement. JustFund serves as a bridge between charitable grantmakers and nonprofit organizations that are dedicated to social justice causes, prioritizing efficiency and effectiveness over the amount of money in storage.
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Impact
July, 2024
Justfundus, through its innovative approach to grantmaking, is revolutionizing philanthropy by making it easier and faster for social justice nonprofit organizations to secure funding. By simplifying the grant application process and prioritizing timely distribution of funds, Justfundus is empowering grassroots movements and enabling them to focus on their core missions rather than bureaucratic hurdles. This direct and efficient method of funding allocation is driving positive change and amplifying the impact of organizations working towards social justice causes.
This information is meant to be a general summary of Justfundus. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$56,620
- Program Service Revenue: $1,042,412
- Gross Receipts: $3,634,736
Assets and Liabilities:
- Total Assets: $4,102,967
- Total Liabilities: $299,964
- Net Assets: $3,803,003
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Intercompany Revenue
Revenue
$109,936
Program revenues
Revenue
$932,476
Organization Details
Founding Year
2020
Phone
(347) 961-8071Principal Officer
Iara Peng
Main Address
490 43rd Street 213, Oakland, CA, 94609
Website
www.justfund.usNTEE Category
Code: T99 - Philanthropy
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